Plan Ledger DOL Form 5500 · updated monthly

Johns Eastern Company, Inc.401(k)

JOHNS EASTERN COMPANY, INC 401(K) PLAN TWELFTH AMENDMENT AND RESTATEMENT · BRADENTON, FL · plan year 2023

Reported admin expense ratio · 2023
0.26%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Johns Eastern Company, Inc. reported $89,516 in plan administrative expenses for 2023: 0.26% of average plan assets, below the peer median. Employer contributions averaged $2,803 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio has held roughly steady near 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other finance & insurance employers. By assets it is the 688th-largest of 3,644 plans among Florida employers on file, and the 2,094th of 4,798 in finance & insurance. In 2023, employees put in $1.89 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$36,964,000
Participants with balances325
Active participants257
Employer contributions$720,351
Employee contributions$1,362,064
Employer contribution per active participant$2,803
Average account balance$113,735
Benefits paid to participants$1,437,676
Plan auditUnmodified (clean) audit opinion
AuditorCHRISTOPHER, SMITH, LEONARD&STANELL
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $273K emplr
2023$37.0M · 325 accts · $720K emplr
2022$31.4M · 324 accts · $661K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$33,422
Investment management$56,094
Total administrative$89,516
The Johns Eastern Company, Inc. 401(k) match · 2023
Employer contribution per active participant$2,803
Median for plans this size$2,440
2023$2,803 per active participant
2022$2,521 per active participant

Johns Eastern Company, Inc.'s 2023 employer contribution ran above the $2,440 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
ASCENSUS LLC · Loan processing · Recordkeeping$33,422
MERRILL LYNCH RETIREMENT & BENEFIT · Investment advisory (plan)$56,094

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Ascensus
2023Ascensus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024Not separately reported
2023$89,516 · 0.26%
2022$83,481 · 0.25%
Same employer
Similar plansFinance & Insurance · Florida
Campus USA Credit Union FL$41.9M · 0.25%
Pen Air Credit Union FL$37.4M · 0.45%
Bbx Capital, Inc. FL$33.6M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591115663 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.